UK Proptech Post-Mortems
Every company profiled here stopped operating — administration, liquidation, or a distressed sale — and every claim below is sourced. This sits apart from the rest of the directory, which lists providers currently trading.
Tract
A VC-backed startup that tried four sequential products to fix Britain's planning-permission bottleneck for land teams and developers, generated zero revenue across 22 months, and wound down — returning remaining capital to investors rather than collapsing into insolvency.
£744k raised, four products, zero revenue, capital returned
Purplebricks
The online estate agent that IPO'd at a £1.3bn peak valuation, burned through tens of millions on failed US and Australian expansions, and was ultimately sold to rival Strike for £1.
£1.3bn peak valuation, sold for £1
Boomin
The "agent-centric" property portal built by Purplebricks' founders to challenge Rightmove and Zoopla, which went into liquidation about 18 months after launch.
Rightmove challenger, gone in 18 months
Doorsteps.co.uk
An online estate agent founded by a sixth-former, sold to a private equity backer, and liquidated as market conditions turned — leaving Rightmove, HMRC, and vendors among its unpaid creditors.
Founded at 17, liquidated at 6
Lendy
A peer-to-peer property lending platform that collapsed under FCA scrutiny with over £160m in outstanding loans, leaving 9,000 retail investors with no compensation scheme protection.
£160m loan book, no FSCS protection
Emoov
One of the UK's earliest online estate agents, which absorbed two rivals in a merger valued at £100m and then collapsed into administration within the year.
£100m merger to administration in seven months